Dredging Corporation of India share price & results
- Jun 2026
- Sept 2026
State-owned dredging firm operating hopper, cutter-suction and backhoe dredgers for Indian ports and the Navy.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 355 | +46.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 17.0 | −2.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 11.0 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | 3.18 | +4.1 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -18.87 | +13.7 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 7.22 | −11.9 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +34.6% 1Y
1Y: ₹623.55 on 24 Oct 2025 → ₹839. High ₹1,232.5 (3 Jun 2026), low ₹619.8 (27 Oct 2025).
- Previous close
- ₹840.05
- Market cap
- ₹2.4k Cr
- 52-week range
- ₹619.8 – ₹1,232.5
- One year
- +35.37%
- Price to earnings (TTM to Jun 2026)
- 60.31×
- Return on equity (TTM to Jun 2026)
- 3.18%
Overview
- Symbol
- NSE:DREDGECORP
- Sector
- Services
- Exchange
- NSE
- Currency
- INR
What Dredging Corporation of India Limited does
Based on the company's own presentations, annual report and earnings calls.
Dredging Corporation of India provides maintenance and capital dredging, land reclamation, beach nourishment, inland waterways dredging and project management consultancy to major and minor ports, the Indian Navy, fishing harbours, shipyards and maritime organisations across India. It earns by deploying its own fleet of dredgers on contracts to deepen and maintain navigation channels, reclaim land from water bodies, and restore shorelines. Four Port Trusts of the Government of India are its promoter shareholders, and it has been in maritime infrastructure services since 1976.
Segments
- Maintenance Dredging
- Capital Dredging
- Land Reclamation & Beach Nourishment
- Inland Waterways Dredging
- Project Management Consultancy
- Fleet composition
- 10 trailing suction hopper dredgers, 2 cutter suction dredgers, 1 backhoe dredger plus ancillary craft
- Coastline presence
- Operations across India's 7,500 km coastline and beyond
- Total hopper dredging capacity
- 59,000 m3
- Annual dredging capability
- 60 million m3 ("can dredge")
- Client base
- Major and minor ports, Indian Navy, fishing harbours, shipyards, maritime organisations
- Quality/environmental certifications
- ISO 9001:2015 (Quality Management) and ISO 14001:2015 (Environmental Management)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +148% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 204 | 324 | 462 | 242 | 212 | 276 | 478 | 355 |
| Expenses | 206 | 272 | 386 | 195 | 187 | 243 | 335 | 294 |
| Operating profit | -2 | 52 | 77 | 47 | 25 | 33 | 143 | 62 |
| Operating margin | −0.7% | 16.0% | 17.0% | 19.0% | 12.0% | 12.0% | 30.0% | 17.0% |
| Other income | 23 | 16 | -1 | 1 | 1 | 1 | 2 | 1 |
| Interest | 17 | 12 | 17 | 31 | 23 | 11 | 24 | 10 |
| Depreciation | 38 | 39 | 38 | 40 | 37 | 48 | 33 | 42 |
| Profit before tax | -33 | 17 | 21 | -23 | -33 | -25 | 87 | 12 |
| Tax rate | 2.0% | 4.0% | −1.0% | 1.0% | 3.0% | 0.0% | 1.0% | 2.0% |
| Net profit | -34 | 16 | 21 | -23 | -34 | -25 | 87 | 11 |
| EPS (₹ per share) | -11.97 | 5.74 | 7.64 | -8.33 | -12.21 | -8.80 | 31.04 | 4.01 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,165 | 945 | 1,141 | 1,208 |
| Expenses | 1,184 | 745 | 1,003 | 960 |
| Operating profit | -19 | 201 | 139 | 248 |
| Other income | 4 | 3 | 39 | 5 |
| Interest | 30 | 29 | 53 | 89 |
| Depreciation | 150 | 141 | 152 | 158 |
| Profit before tax | -195 | 35 | -26 | 6 |
| Net profit | -196 | 33 | -28 | 5 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 28 | 28 | 28 | 28 | 28 | 28 |
| Reserves | 1,379 | 1,201 | 1,227 | 1,193 | 1,130 | 1,202 |
| Borrowings | 273 | 281 | 558 | 923 | 1,059 | 1,087 |
| Other liabilities | 627 | 817 | 581 | 518 | 465 | 748 |
| Total liabilities | 2,307 | 2,326 | 2,395 | 2,662 | 2,682 | 3,066 |
| Fixed assets | 1,580 | 1,531 | 1,430 | 1,343 | 1,267 | 1,207 |
| Capital work in progress | 29 | 5 | 344 | 584 | 728 | 894 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 698 | 791 | 620 | 736 | 687 | 964 |
| Total assets | 2,307 | 2,326 | 2,395 | 2,662 | 2,682 | 3,066 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 176 | 205 | 148 | 191 | 112 | 142 |
| Cash from investing | -1 | -89 | -173 | -290 | -457 | -302 |
| Cash from financing | -166 | -159 | -38 | 118 | 363 | 321 |
| Net cash flow | 10 | -43 | -63 | 19 | 18 | 161 |
| Free cash flow | 173 | 114 | -27 | -100 | -367 | -228 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 96 | 96 | 84 | 68 | 82 | 71 |
| Cash conversion cycle | 96 | 96 | 84 | 68 | 82 | 71 |
| Working capital days | 22 | -90 | -98 | -88 | -20 | -56 |
| Return on capital employed | −8.0% | 0.0% | −10.0% | 4.0% | 0.0% | 4.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 73.47% as of Sept 2026; institutions added 0.50 pts since Jun 2026.
- Promoters 73.47%
- Foreign institutions 0.75%
- Domestic institutions 7.46%
- Government 0.04%
- Public 18.29%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 19.47% held
- newly disclosed 18.00% held
- Mutual fund +0.93 pp 5.72% held
The same filing shows 0 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Dredging Corporation of India Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 19.47% | newly disclosed | |
| 18.00% | unchanged | |
| 18.00% | unchanged | |
| 18.00% | newly disclosed | |
| Mutual fund | 5.72% | +0.93 pp |
| — | off the list | |
| — | off the list | |
| Insurer | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
Start an Inve Case for Dredging Corporation of India Limited
Free account: one company. Everything above stays public.
Write why you follow Dredging Corporation of India Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other Services companies
Learn to analyse Dredging Corporation of India Limited
Guides on how to read this kind of business and the numbers that matter.